How To Place Stop Loss Order In Nirmal Bang?
- Last Updated: 29 Mar, 2024
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Traders are allowed to place stop-loss orders, either limiting the risk or protecting a certain proportion of current profits in their trading position. As soon as a price threshold is triggered, the stop-loss order effectively triggers an order on the market.
Steps to Place Stop Loss Order in Nirmal Bang
Steps | Description |
1 | Select Stock |
2 | Select “SL Order” |
3 | Press Continue |
4 | Enter Desired Quantity |
5 | Enter wish to sell in Stop Loss field |
6 | Click SL Order |
How Do I Place Stop Loss Order in Nirmal Bang
To use the SL feature, click on 'Advanced Options' when placing an order for an ordinary buying or selling transaction, a market order, or a limit order. Please indicate the value of the "SL trigger" price when selecting the option to stop the SL loss order. When the live price of a stock hits that price, your order will be executed.
Step 1. Select the stock and then enter the quantity.
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Step 2. Click on the top right icon. You can select the "SL Order" option at this point.
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Step 3. To go on, press 'continue.'
Step 4. Enter the desired QTY in the given field when opening an appropriate stock.
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Step 5. Under the Sell Order, enter what you wish to sell in the Stop Loss field.
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Step 6. Click on the SL Order button.
By following the steps mentioned above, you can easily place stop-loss order through Nirmal Bang.